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UNDER OFFER

Langwathby Stores & Post Office, Langwathby, Penrith, CA10 1LW

£650,000

Business rates & charges may apply

Christie & Co, Retail
SIZE

Ask agent

SECTOR

Post office for sale

Key features

  • Rarely available freehold store & post office
  • Advised net weekly turnover c. £23,000+
  • Monopoly, central position in the village
  • Established, strong ties with local community
  • Potential to develop, subject to planning
  • Well-presented store. Energy Rating C
  • Christie & Co Ref: 5613572

Description

Description

A rare opportunity to acquire a high performing convenience store and Post Office within an idyllic Cumbrian village, with potential to develop the large property above back into accommodation. This opportunity is expected to attract high levels of interest so we would recommend initial parties to get in touch as a matter of priority.

Location

The business is situated in the heart of Langwathby, a highly desirable village situated just 5 miles Northeast of Penrith and on the outskirts of the Lake District. The village itself is well catered for with a range of amenities and facilities. There is a nursery, primary school, and a popular pub. The M6 is just a short 10-minute journey away as is the nearby A66. There is also a train station in the village. The village remains continually active with regular events taking place on the village green. There are also countryside walks from the doorstep with the Eden Valley fells a short distance away as well as the North Lakeland Fells.

Internal Details

The trading area features gondolas, purpose-built chillers, freezers units and shelving around the perimeter. The payment kiosk is to the left-hand side of the entrance with the Post Office section adjoining the tills. There have been draft plans created to extend retail space, but this has not gone to planning, allowing the incoming buyer to add value how they see fit.

Fixtures & Fittings

All fixtures and fittings are to be included within the sale however, any items that are owned by a third party or personal to our clients will be exempt.

External Details

Externally, the property benefits from front street unregulated parking.

Owner's Accommodation

Previously above the store was a three-bedroom apartment which is now used as storage. There is excellent potential to convert this back into living space and to rent out as a holiday let, generating further income, subject to planning consent.

The Opportunity

The vendors have owned the site for over 10 years and are now looking at a retirement sale. The business enjoys an unopposed position within the highly desirable and popular village of Langwathby, this profitable store is an ideal opportunity for operators looking for a lifestyle business and further benefits from extensive accommodation above that could be converted back into a three-bedroom apartment or a holiday let, generating a further income revenue.

Staff

A staff schedule can be provided upon request.

Trading Information

Trading information provided by our client shows a net weekly turnover of c.£23,000+ and Post Office commissions of c. £19,500 per annum.

Full trading information can be provided to seriously interested parties.

Trading Hours

Monday to Saturday: 7am - 7pm
Sunday: 8am - 6pm

Scope to increase opening hours.

Business Rates

There are currently no business rates paid by the vendor, due to current business rate relief.

Regulatory

Transfer of a Post Office appointment is at the sole discretion of the Post Office Network.

The appointment of the National Lottery is at the sole discretion of Alwyn Plc.

Premises licence.

Energy Performance Certificates

EPC 1

Brochures

Langwathby Stores & Post Office, Langwathby, Penrith, CA10 1LW

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Langwathby Station0.2 miles
  • Lazonby & Kirkoswald Station4.0 miles
  • Penrith Station4.2 miles

About Christie & Co, Retail

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 5613572-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Retail. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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